RISK MANAGEMENT
Reduce the risk of check and ACH fraud with our fraud prevention product package for businesses. Each fraud prevention product package puts you in control of managing debits from your account to detect possible fraudulent activity before it happens.
WHAT ARE YOUR BUSINESS GOALS?
- To help prevent a fraudulent check or ACH transactions from clearing your checking account?
- To help protect company computers from malware and spyware?
- To ease the complexity of needing dual authorization for all outgoing payments, ACH and wire transactions?
- To get the proper insurance to help protect your business in terms of key man, property/ causality and workers compensations coverage?
Whatever your business goal, Vectra Bank has a Risk Management solution to help protect your company and your employees, including the options shown below.
ACH AND CHECK POSITIVE PAY
Limit risk and exposure to fraudulent checks and electronic ACH items with control over which checks and ACH items post to your account.
WHAT IS POSITIVE PAY?
Positive Pay is a verification service that helps businesses identify and report fraudulent and unauthorized payments. Vectra Bank has Positive Pay services for both checks and ACH.
POSITIVE PAY FEATURES AND BENEFITS
- Helps stop unauthorized transactions from clearing your account with improved control and security
- Includes protection against payee alteration
- Gives tellers access to the most current check information available when cashing items
- Includes checks issued file upload and ACH filter designation of authorized transactions
- Accepts virtually any file format
- Provides for optimum security by layering user permissions and limiting user account access
- Enables account reconciliation and easy integration into payable systems
- Lets you retain ownership of users and permissions within your company
- Saves money by limiting potential losses and legal fees with timely return of unauthorized items
NEED ASSISTANCE?
Learn more about Vectra Banks® Treasury Management solutions for your business. To speak to a Banker to enroll in a new service, call 800–341–8156 or complete the form at the bottom of the page. For help with an existing service, contact our Customer Support at 800-232-8948.
Agreement applies. Fees may apply. See a financial representative for details.
INTERNATIONAL BANKING AND FOREIGN EXCHANGE RISK MANAGEMENT
A range of international banking and foreign exchange risk management products and services for the increasing opportunities and inherent risks of transacting business worldwide.
- International wire transfers through ZIONSFX® trading platform to quickly send or receive foreign currency payments to and from more than 40 countries
- Hedging strategies/forward contracts help manage foreign exchange risks and opportunities associated with fluctuating currency values
- Foreign currency account for a convenient solution if your company regularly receives and sends wire payments in the same foreign currency
- Foreign check collection
- Foreign drafts offer a convenient and cost-effective method for making a small payment in a foreign currency
- Foreign currency banknotes can be purchased or sold at Vectra Bank in more than 80 foreign currencies
- Trade Financing offers a variety of vehicles to help grow your international business while helping to protect against the risks inherent in foreign markets
Learn more about International Banking and Foreign Currency Services from Vectra Bank.
NEED ASSISTANCE?
Discover more resources on corporate foreign exchange outflow and other risk management solutions from Vectra Bank. To speak to a Banker to enroll in a new service, call 800–341–8156 or complete the form at the bottom of the page. For help with an existing service, contact our Customer Support at 800-232-8948.
Agreement and restrictions apply. Fees may apply. See a financial representative for details.
VECTRA BANK® OWNERSHIP RECORDKEEPING
An affordable, online solution for managing your company's ownership records.
- Confidential, more permanent, accurate and timely record keeping of ownership
- Ensure shares issued don’t exceed shares authorized
- Consistent data backup and a tested disaster recovery plan for added security
- Designed to fit your budget without sacrificing benefits
- Online and real-time access for both company and shareholder
- Expertise in share transfer services, pay out of disbursements/dividends, 1099 tax reporting, and assistance in providing shares to employees and initial public offering.
Subject to contract; fees apply. Contact a financial representative for details.
REACH OUT TO A TREASURY MANAGEMENT OFFICER
If you need assistance determining which products are right for you or have any questions please call 800-341-8156, email tmsupport@vectrabank.com or complete the form below.